NOTICE OF PUBLIC HEARING
Notice is hereby given that the Indiana Finance Authority (the "Authority") will hold a public hearing on September 23, 2025, at 10:00 a.m., Indianapolis time, in the office of the Authority located at One North Capitol Avenue, Suite 900, Indianapolis, Indiana, regarding the certain amendments to the Indiana Finance Authority Educational Facilities Revenue Refunding Bond, Series 2010 (University High School Project) (the "Series 2010 Bond") which will result in a reissuance of the Series 2010 Bond for federal income tax purposes. The maximum stated principal amount of the reissued Series 2010 Bond will not exceed $8,039,479. The proceeds of the Series 2010 Bond were used for the purpose of providing funds to the Borrower to finance (i) the current refunding of the Indiana Finance Authority Variable Rate Demand Educational Facilities Revenue Bonds, Series 2006 (University High School Project) issued on April 28, 2006 in the original principal amount of $13,800,000, the proceeds of which were utilized to finance the acquisition, construction, expansion, renovation and equipping of certain educational facilities for the Borrower (the "Prior Project"), and (ii) all or a portion of the costs of issuance incurred in connection with the issuance of the Series 2010 Bond. The Series 2010 Bond will be a qualified 501(c)(3) bond used to finance educational facilities.
All educational facility projects to be refinanced with proceeds of the reissued Series 2010 Bond are located on the campus of the Borrower with a primary campus address of 2825 West 116th Street, Carmel, Indiana 46032, and have been and shall continue to be owned and operated by the Borrower.
The Series 2010 Bond was originally issued by the Authority pursuant to Indiana Code Section 5-1.2-9, as supplemented and amended, and a resolution proposed for adoption by the members of the Authority. The reissued Series 2010 Bond will not be in any respect a general obligation of the Authority, the State of Indiana, or any political subdivision thereof, but will be a special, limited obligation of the Authority as the principal of, premium, if any, and interest on the reissued Series 2010 Bond will be payable solely from the property pledged thereto, including without limitation the revenues and receipts received from the repayment of the loan by the Borrower. The reissued Series 2010 Bond will not be payable in any manner from revenues raised by taxation. The reissued Series 2010 Bond shall not constitute a debt, liability, or general or moral obligation of the Authority, the State of Indiana, or any political subdivision thereof, or a pledge of the faith and credit or taxing power of any of them, and shall be payable only as aforesaid.
The public hearing is being held pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended, and Indiana Code Section 5-1.2-9-14. The public is invited to comment on any of the matters herein noted, and all taxpayers, residents or interested parties who appear will be given a reasonable opportunity to express their views, both orally and in writing, on the proposed plan of reissuing the Series 2010 Bond and refinancing the Prior Project, and other matters relating to the reissued Series 2010 Bond. Written comments may also be submitted to the Authority through the Public Hearing Officer at One North Capitol Avenue, Suite 900, Indianapolis, Indiana 46204 until 4:30 p.m. EST, on September 22, 2025.
Notice dated September 12, 2025.
INDIANA FINANCE AUTHORITY
By: /s/ Cynthia S. Herron
Cynthia S. Herron, Public Hearing Officer
HSPAXLP
September 12 2025
LSBN0368411